Asia-Pacific Shrimp Market Overview:

The Asia-Pacific Shrimp Market size is to reach 91.66 billion USD by 2024 and expected to reach 99 billion USD by 2034, growing at a CAGR of 1 % during the forecast period (2024-2034).

The Asia-Pacific shrimp market is a key player in the global seafood industry, exhibiting significant growth and diversity. As of recent data, the region holds a substantial share in the global shrimp production, with major contributors including countries like India, China, Vietnam, Indonesia, and Thailand. These nations are renowned for their aquaculture practices and play a pivotal role in meeting the increasing global demand for shrimp.

In terms of production volume, Asia-Pacific leads the way, with millions of metric tons of shrimp harvested annually. India, as a major shrimp exporter, has experienced consistent growth in shrimp farming, leveraging its extensive coastline for aquaculture. China, with its large-scale aquaculture operations, also contributes significantly to the regional market.

The market is characterized by a diverse range of shrimp species, including black tiger shrimp, whiteleg shrimp (vannamei), and others. Vannamei shrimp, in particular, has gained popularity due to its fast growth and adaptability to various farming conditions.

The market dynamics are influenced by factors such as technological advancements in aquaculture, sustainability initiatives, and increasing consumer demand for high-quality seafood. The region has witnessed investments in modern shrimp farming practices, emphasizing biosecurity measures and environmentally friendly approaches.

Challenges faced by the industry include disease management, environmental sustainability concerns, and compliance with international quality and safety standards. However, innovations in shrimp farming techniques and a growing focus on responsible aquaculture are addressing these challenges.

Overall, the market continues to be a vital contributor to the global seafood landscape, balancing production scale with sustainability efforts to meet the evolving demands of both domestic and international markets.

Asia-Pacific Shrimp Market  – Report Coverage:

The “Asia-Pacific Shrimp Market Report – Forecast (2024-2034)” by Digiroads Consulting, covers an in-depth analysis of the following segments in the Market.

Asia-Pacific Shrimp Market  – Top Trends:

1. Production Volume Growth:

The Asia-Pacific shrimp market has been experiencing robust growth in production volumes. According to recent data, the region contributes to over 80% of the global shrimp production, with an annual output exceeding 3 million metric tons.

2. Dominance of Key Players:

Leading contributors to the Asia-Pacific shrimp market include India, China, Vietnam, Indonesia, and Thailand. India, in particular, stands out as a major player, accounting for a significant portion of the regional production, surpassing 700,000 metric tons annually.

3. Expansion of Vannamei Shrimp Farming:

The cultivation of vannamei shrimp has seen a significant uptick in the region. Vannamei shrimp, known for its rapid growth and adaptability, constitutes a substantial share of the total shrimp farming output. In countries like India and Vietnam, vannamei shrimp production has surpassed 1 million metric tons collectively.

4. Increasing Aquaculture Technology Adoption:

The Asia-Pacific region is witnessing a trend towards the adoption of advanced aquaculture technologies. Innovations in pond management, water quality control, and feed optimization have contributed to increased efficiency. Technologically advanced shrimp farms are showcasing higher yields and improved sustainability.

5. Growing Demand for Sustainable Practices:

Sustainability is a key focus in the Asia-Pacific shrimp market. Shrimp producers are increasingly adopting environmentally responsible practices to meet the demands of conscious consumers and international regulations. Certified organic and sustainable shrimp farming is on the rise, reflecting a commitment to responsible aquaculture.

6. Disease Management Initiatives:

Disease outbreaks have historically posed challenges to the shrimp industry. However, there is a growing emphasis on disease management practices, including the use of probiotics, improved biosecurity measures, and selective breeding for disease-resistant shrimp. These efforts aim to mitigate the impact of diseases on shrimp production.

7. Export Market Dynamics:

The Asia-Pacific region is a major exporter of shrimp to international markets. Countries like India and Vietnam significantly contribute to the global shrimp trade. India, for instance, exports over 70% of its shrimp production, showcasing the region’s importance in meeting global demand.

 Asia-Pacific Shrimp Market – Company Product Analysis:

1. Thai Union Group:

Product Focus: Thai Union Group is a major player in the market, offering a diverse range of shrimp products. In recent data, the company reported a production volume of millions of metric tons, contributing significantly to the region’s shrimp industry.

2. CP Foods (Charoen Pokphand Foods):

Product Focus: CP Foods is a prominent player in the shrimp market, with a comprehensive product portfolio. Recent figures indicate a substantial production volume, reflecting the company’s significant contribution to the Asia-Pacific shrimp industry.

3. Nissui Group (Japan):

Product Focus: Nissui Group, based in Japan, is involved in shrimp processing and distribution. Recent data suggests a notable contribution to the region’s shrimp market, with a focus on delivering high-quality seafood products.

4. Maruha Nichiro Corporation (Japan):

Product Focus: Maruha Nichiro Corporation plays a key role in the Asia-Pacific shrimp market, offering various shrimp products. The company’s recent production figures highlight its importance in meeting the demand for shrimp in the region.

5. Amara Group (Vietnam):

Product Focus: Amara Group, based in Vietnam, is known for its involvement in shrimp farming and processing. Recent data indicates a substantial production volume, showcasing the company’s significance in the Vietnamese shrimp market.

 Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Asia-Pacific Shrimp Market . The top 10 companies in this industry are listed below:

1. Thai Union Group
2. CP Foods (Charoen Pokphand Foods)
3. Nissui Group (Japan)
4. Maruha Nichiro Corporation (Japan)
5. Amara Group (Vietnam)
6. Devi Fisheries Limited (India)
7. Apex Frozen Foods (India)
8. Seaprimexco Vietnam
9. Minh Phu Seafood Corporation (Vietnam)
10. Blue Snow Food Co. Ltd

 Scope of Report: 

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Table of Contents (TOC)

1. Asia-Pacific Shrimp Market – Overview
   1. Definitions and Scope
2. Executive Summary
3. Comparative Analysis
   1. Company Benchmarking – Key Companies
   2.  Financial Analysis – Key Companies
   3. Market Share Analysis – Key Companies
   4. Patent Analysis
   5. Pricing Analysis
4. Start-up Companies 
   1. Key Start-up Company Analysis
   2. Investment
   3. Revenue
   4. Venture Capital and Funding 
5. Market Entry 
   1. Regulatory Framework Overview
   2. New Business and Ease of Doing Business Index
   3. Case Studies of Successful Ventures
6. Asia-Pacific Shrimp Market – Forces
   1. Market Drivers
   2. Market Constraints
   3. Market Challenges
   4. Porter’s Five Force Model
   5. Bargaining Power of Suppliers
   6. Bargaining Powers of Customers
   7. Threat of New Entrants
   8. Rivalry Among Existing Players
   9. Threat of Substitutes
7. Asia-Pacific Shrimp Market – Strategic Analysis
   1. Value Chain Analysis
   2. Opportunities Analysis
   3. Market Life Cycle
8. Asia-Pacific Shrimp Market – By Form (Market Size – $Million/$Billion) 
   1. Canned
   2. Fresh / Chilled
   3. Frozen
   4. Processed
   5. others
9. Asia-Pacific Shrimp Market – By Distribution Channels (Market Size – $Million/$Billion) 
   1. Off-Trade
   2. On-Trade
   3. Others
10. By Country (Market Size – $Million/$Billion) 
    1. Australia
    2. China
    3. India 
    4. Indonesia 
    5. Japan
    6. Malaysia
    7. South Korea
    8. Rest of Asia-Pacific 
11. Entropy
12. Industry/Segment Competition Landscape 
    1. Market Share Analysis
       1. Market Share by Product Type – Key Companies
       2. Market Share by Region – Key Companies
       3. Market Share by Country – Key Companies
    2. Competition Matrix
    3. Best Practices for Companies
13. Company Analysis

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